《Galaxy: AI Inference Capital Market is Taking Shape On-Chain》 (Author: Lucas Tcheyan; Translated by Deep Tide TechFlow) Galaxy Digital's research report suggests that as AI inference replaces training as the primary driver of GPU demand, a capital market centered around inference is forming. Off-chain, institutions like ICE and CME are promoting GPU indices and futures contracts. On-chain, Venice is tokenizing inference access rights, while Pearl and Ambient are subsidizing inference production through 'Proof of Useful Work.' Meanwhile, USDAI is financing GPU hardware with stablecoins. The report points out that the on-chain inference market is still in its early stages, with speculative demand outweighing real usage. However, its financial opportunities in areas like compute pricing, financing, settlement, and composability are worth paying attention to. Read the full article: https://www.(wublock123.com)/articles/article-59244